Making compliance affordable and accessible for businesses of all sizes
Source Intelligence, a SaaS company providing compliance data on supply chains for over 50 global regulations, has released a solution that automates compliance for the new European Chemicals Agency (ECHA) Substance of Concern in Products (SCIP) database.
SCIP requires manufacturers, assemblers, distributors, and importers to submit information to the SCIP database for any product placed on the EU market containing more than trace amounts of Substances of Very High Concern (SVHCs). The database will allow for improved hazardous waste management and increased consumer awareness. Most companies within the scope of the European Union’s REACH regulation must also comply with the SCIP database reporting requirements.
Learn about the differences between SCIP and EU REACH in our comparison blog.
The biggest challenges businesses face regarding SCIP compliance are:
- The wealth of article information needed from their entire supply chain
- The time-consuming process of manually creating dossiers for each product
- Staying flexible to the many changes the regulation has endured
Source Intelligence’s SCIP solution allows businesses to upload their suppliers to a central platform. Once uploaded, the software gathers and validates necessary documentation from the supply chain. This enables businesses to gain quick access to article information needed, roll up the data collected into proper SCIP submission formatting, and submit dossiers to the ECHA all on one platform.
Of the new program, Source Intelligence’s President and Co-Founder Matt Thorn said, “We want to make SCIP compliance accessible to businesses of all sizes. Keeping SCIP in-house can prove very costly, especially at a time when businesses are focusing on staying afloat. With our SCIP solution, we let technology do the heavy lifting whether you need help with part or all of the process.”
Managing compliance without help is a daunting task many companies struggle to achieve. Source Intelligence can ease internal resource burdens with our effective compliance software that uses automation to minimize business risks. Explore our solution to learn more.
